UTICA, NY - MAY 14: A child carries a sibling past the closed former Utica Psychiatric Hospital on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: A child carries a sibling past the closed former Utica Psychiatric Hospital on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the ... more

UTICA, NY - MAY 14: A child sits on a stoop in a working class section of Utica on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: A child sits on a stoop in a working class section of Utica on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 14: A child sits on a stoop in a working class... Photo-2938420.42952 - Times Union

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UTICA, NY - MAY 14: A man walks down a street on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: A man walks down a street on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 14: A man walks down a street on May 14, 2012 in... Photo-2938438.42952 - Times Union

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UTICA, NY - MAY 14: A clock stands in downtown Utica on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: A clock stands in downtown Utica on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 14: A clock stands in downtown Utica on May 14,... Photo-2938437.42952 - Times Union

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Taboola Gallery Frame Item-85307.42952 - Times Union

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UTICA, NY - MAY 14: A child rides his bike in downtown Utica on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: A child rides his bike in downtown Utica on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing ... more

UTICA, NY - MAY 14: The closed former Utica Psychiatric Hospital sits empty on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: The closed former Utica Psychiatric Hospital sits empty on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former ... more

UTICA, NY - MAY 14: Graffiti marks the side of a downtown building on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: Graffiti marks the side of a downtown building on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 14: Graffiti marks the side of a downtown building... Photo-2938439.42952 - Times Union

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UTICA, NY - MAY 14: A man rests inside of Utica's Union Station on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: A man rests inside of Utica's Union Station on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing ... more

UTICA, NY - MAY 14: A barber chair sits empty in a shop on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: A barber chair sits empty in a shop on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 14: A barber chair sits empty in a shop on May 14,... Photo-2938415.42952 - Times Union

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UTICA, NY - MAY 14: A street leads into a construction area on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: A street leads into a construction area on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 14: A street leads into a construction area on May... Photo-2938423.42952 - Times Union

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UTICA, NY - MAY 14: A former bank remains in disrepair on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: A former bank remains in disrepair on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 14: A former bank remains in disrepair on May 14,... Photo-2938412.42952 - Times Union

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UTICA, NY - MAY 14: A "for sale" sign hangs in a window of an empty building on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: A "for sale" sign hangs in a window of an empty building on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former ... more

UTICA, NY - MAY 14: A closed business sits boarded-up on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: A closed business sits boarded-up on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 14: A closed business sits boarded-up on May 14,... Photo-2938405.42952 - Times Union

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UTICA, NY - MAY 14: A man walks down a street on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: A man walks down a street on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 14: A man walks down a street on May 14, 2012 in... Photo-2938409.42952 - Times Union

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UTICA, NY - MAY 14: Unemployed couple Tiffany Drake and Mike Johnson stand on a Utica street corner on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: Unemployed couple Tiffany Drake and Mike Johnson stand on a Utica street corner on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the ... more

UTICA, NY - MAY 14: A sign advertises items for sale along a street on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: A sign advertises items for sale along a street on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 14: A sign advertises items for sale along a street... Photo-2938428.42952 - Times Union

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Taboola Gallery Frame Item-85307.42952 - Times Union

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UTICA, NY - MAY 14: A woman shops at a Salvation Army thrift store on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: A woman shops at a Salvation Army thrift store on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 14: A woman shops at a Salvation Army thrift store... Photo-2938406.42952 - Times Union

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UTICA, NY - MAY 14: Closed factories are shuttered on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: Closed factories are shuttered on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The ... more

UTICA, NY - MAY 14: A "for rent" sign hangs in a window of an empty factory on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: A "for rent" sign hangs in a window of an empty factory on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former ... more

UTICA, NY - MAY 14: A flag hangs in a window on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: A flag hangs in a window on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 14: A flag hangs in a window on May 14, 2012 in... Photo-2938413.42952 - Times Union

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Taboola Gallery Frame Item-85307.42952 - Times Union

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UTICA, NY - MAY 14: A drive-through window of a former bank remains closed on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: A drive-through window of a former bank remains closed on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 14: A drive-through window of a former bank... Photo-2938424.42952 - Times Union

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UTICA, NY - MAY 14: A boarded-up building is viewed on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: A boarded-up building is viewed on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 14: A boarded-up building is viewed on May 14, 2012... Photo-2938411.42952 - Times Union

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UTICA, NY - MAY 14: A building is covered in ivy on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: A building is covered in ivy on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 14: A building is covered in ivy on May 14, 2012... Photo-2938421.42952 - Times Union

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UTICA, NY - MAY 14: A street sits empty on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: A street sits empty on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 14: A street sits empty on May 14, 2012 in Utica,... Photo-2938433.42952 - Times Union

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Taboola Gallery Frame Item-85307.42952 - Times Union

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UTICA, NY - MAY 14: Shandola Williams waits in an employment office on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: Shandola Williams waits in an employment office on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former ... more

UTICA, NY - MAY 14: Amanda Kessler, who is currently unemployed, speaks about a difficult job search on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: Amanda Kessler, who is currently unemployed, speaks about a difficult job search on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 14: Amanda Kessler, who is currently unemployed,... Photo-2938432.42952 - Times Union

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UTICA, NY - MAY 14: Women walk by a food bank on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: Women walk by a food bank on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 14: Women walk by a food bank on May 14, 2012 in... Photo-2938426.42952 - Times Union

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UTICA, NY - MAY 14: A sign welcomes people to Utica on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: A sign welcomes people to Utica on May 14, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 14: A sign welcomes people to Utica on May 14, 2012... Photo-2938407.42952 - Times Union

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Taboola Gallery Frame Item-85307.42952 - Times Union

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UTICA, NY - MAY 15: A veterans speaks with a company representative at the Hiring Our Heroes Veterans/Military job fair on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 15: A veterans speaks with a company representative at the Hiring Our Heroes Veterans/Military job fair on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 15: A veterans speaks with a company... Photo-2940315.42952 - Times Union

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UTICA, NY - MAY 15: Veterans use computers to update their resumes and to search for work at the Hiring Our Heroes Veterans/Military job fair on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 15: Veterans use computers to update their resumes and to search for work at the Hiring Our Heroes Veterans/Military job fair on May 15, 2012 in Utica, New York. Like many upstate New York ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 15: Veterans use computers to update their resumes... Photo-2940285.42952 - Times Union

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UTICA, NY - MAY 15: Veterans speak with representatives from various companies at the Hiring Our Heroes Veterans/Military job fair on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 15: Veterans speak with representatives from various companies at the Hiring Our Heroes Veterans/Military job fair on May 15, 2012 in Utica, New York. Like many upstate New York communities, ... more

UTICA, NY - MAY 15: Mike Patterson, who is currenlty without employment, attends a memorial service at Mother Marianne's West Side Soup Kitchen for a homeless man who recently died on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 15: Mike Patterson, who is currenlty without employment, attends a memorial service at Mother Marianne's West Side Soup Kitchen for a homeless man who recently died on May 15, 2012 in Utica, ... more

UTICA, NY - MAY 15: A man's free groceries sit ona table at the Mother Marianne's West Side Soup Kitchen on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 15: A man's free groceries sit ona table at the Mother Marianne's West Side Soup Kitchen on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make ... more

UTICA, NY - MAY 15: Mike Patterson, who is currenlty without employment, eats lunch at Mother Marianne's West Side Soup Kitchen on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8 percent as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 15: Mike Patterson, who is currenlty without employment, eats lunch at Mother Marianne's West Side Soup Kitchen on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica ... more

UTICA, NY - MAY 15: A mural celebrating American history is seen May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 15: A mural celebrating American history is seen May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 15: A mural celebrating American history is seen... Photo-2940297.42952 - Times Union

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UTICA, NY - MAY 15: Larry Lilly, who is currently unemployed, pauses on a strret corner on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 15: Larry Lilly, who is currently unemployed, pauses on a strret corner on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 15: Larry Lilly, who is currently unemployed,... Photo-2940287.42952 - Times Union

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Taboola Gallery Frame Item-85307.42952 - Times Union

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UTICA, NY - MAY 15: Larry Lilly, who is currently unemployed, walks down a street on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 15: Larry Lilly, who is currently unemployed, walks down a street on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 15: Larry Lilly, who is currently unemployed, walks... Photo-2940300.42952 - Times Union

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UTICA, NY - MAY 15: A veteran (R) speaks with Erin Zuck at the Hiring Our Heroes Veterans/Military job fair on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8 percent as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 15: A veteran (R) speaks with Erin Zuck at the Hiring Our Heroes Veterans/Military job fair on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to ... more

UTICA, NY - MAY 14: Veterans use computers to update their resumes and to search for work at the Hiring Our Heroes Veterans/Military job fair on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8 percent as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: Veterans use computers to update their resumes and to search for work at the Hiring Our Heroes Veterans/Military job fair on May 15, 2012 in Utica, New York. Like many upstate New York ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 14: Veterans use computers to update their resumes... Photo-2940319.42952 - Times Union

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UTICA, NY - MAY 15: A sign advertises the Hiring Our Heroes Veterans/Military job fair on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 15: A sign advertises the Hiring Our Heroes Veterans/Military job fair on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from ... more

UTICA, NY - MAY 15: Veteran James Dixon, who is currently unemployed, speaks with a representative from a company at the Hiring Our Heroes Veterans/Military job fair on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8 percent as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 15: Veteran James Dixon, who is currently unemployed, speaks with a representative from a company at the Hiring Our Heroes Veterans/Military job fair on May 15, 2012 in Utica, New York. Like ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 15: Veteran James Dixon, who is currently... Photo-2940306.42952 - Times Union

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UTICA, NY - MAY 15: Veterans Kris Hummel (left) and Shane Foley, both of whom currently do not have work, speak with a representative from the TSA at the Hiring Our Heroes Veterans/Military job fair on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 15: Veterans Kris Hummel (left) and Shane Foley, both of whom currently do not have work, speak with a representative from the TSA at the Hiring Our Heroes Veterans/Military job fair on May 15, ... more

UTICA, NY - MAY 15: Veterans Kris Hummel (left) and Shane Foley, both of whom currently do not have work, speak with a representative from a company at the Hiring Our Heroes Veterans/Military job fair on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8 percent as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 15: Veterans Kris Hummel (left) and Shane Foley, both of whom currently do not have work, speak with a representative from a company at the Hiring Our Heroes Veterans/Military job fair on May ... more

UTICA, NY - MAY 15: Nathan Oldick, with the National Guard and who is currently unemployed, speaks with a representative from a company at the Hiring Our Heroes Veterans/Military job fair on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8 percent as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 15: Nathan Oldick, with the National Guard and who is currently unemployed, speaks with a representative from a company at the Hiring Our Heroes Veterans/Military job fair on May 15, 2012 in ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 15: Nathan Oldick, with the National Guard and who... Photo-2940317.42952 - Times Union

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Taboola Gallery Frame Item-85307.42952 - Times Union

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UTICA, NY - MAY 15: Meagan Stokey picks up food with her grandson at a food bank on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8 percent as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 15: Meagan Stokey picks up food with her grandson at a food bank on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a ... more

UTICA, NY - MAY 14: People shop at a food bank on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 14: People shop at a food bank on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 14: People shop at a food bank on May 15, 2012 in... Photo-2940304.42952 - Times Union

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UTICA, NY - MAY 15: Meagan Stokey picks out food at a food bank on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8 percent as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 15: Meagan Stokey picks out food at a food bank on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former ... more

UTICA, NY - MAY 15: A girl waits for her mother at a food bank on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8 percent as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 15: A girl waits for her mother at a food bank on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 15: A girl waits for her mother at a food bank on... Photo-2940311.42952 - Times Union

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Taboola Gallery Frame Item-85307.42952 - Times Union

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UTICA, NY - MAY 15: A woman shops at a food bank on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 15: A woman shops at a food bank on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 15: A woman shops at a food bank on May 15, 2012... Photo-2940292.42952 - Times Union

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UTICA, NY - MAY 15: A woman shops at a food bank on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 15: A woman shops at a food bank on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The ... more

Photo: Spencer Platt, Getty Images

UTICA, NY - MAY 15: A woman shops at a food bank on May 15, 2012 in... Photo-2940294.42952 - Times Union

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UTICA, NY - MAY 15: Eugenid Vasquez brings in clothing donations into a local food bank on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8 percent as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 15: Eugenid Vasquez brings in clothing donations into a local food bank on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition ... more

UTICA, NY - MAY 15: Eugenid Vasquez receives clothing donations for a local food bank on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from a former manufacturing hub. The city's individual poverty rate is twice the national average with an unemployment rate of 9.8% as of February 2012. Citing Utica's weakening financial margins over the past two years, Fitch Ratings downgraded its credit rating on Utica by two notches to a triple-B, two rungs above junk territory. less

UTICA, NY - MAY 15: Eugenid Vasquez receives clothing donations for a local food bank on May 15, 2012 in Utica, New York. Like many upstate New York communities, Utica is struggling to make the transition from ... more